11/13/2009

Finance ministers and business executives across Asia are joining U.S. congressional leaders, unions and trade lobbyists in alarm regarding how the weakness of China's yuan is crippling economic recovery. This comes as U.S. President Barack Obama arrives in the region. China's currency is pegged to the dollar, which has lost 14% of its value against the currencies of six major trading partners during the past year. Although China's central bank sent signals that it is ready to be more flexible on the yuan's value, that might not be enough to defuse the issue.

Full Story:
Bloomberg

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